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$3,615 (target)

605 S Heather Ln, Friendswood, TX 77546

3 beds • 2 baths • 1601 sqft

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This property might be a fair Mid-Term investment with a projected 3.7% first-year return on $85,200 initial cash invested.

3.7%

Cash On Cash

7.5%

Cap Rate

1.26

DSCR

$3,615

Rent

$263

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,615 income − $3,352 expenses = $263 cash flow

Income$3,615Mortgage P&I$1,59344%Property Taxes$41712%Insurance$1123%Management$43412%CapEx$1454%Vacancy$1083%Maintenance$1454%Other$39811%Cash Flow$263

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,615

Total Expenses

$3,352

Mortgage P&I

44%

$1,593

Property Taxes

12%

$417

Home Insurance

3%

$112

HOA

0%

$0

Property Management

12%

$434

CapEx

4%

$145

Vacancy

3%

$108

Maintenance

4%

$145

Other

11%

$398

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